Porsche Automobil (ETR:PAH3) Shares Cross Above Fifty Day Moving Average – Here’s Why

Porsche Automobil Holding SE (ETR:PAH3) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of €31.89 and traded as high as €32.39. Porsche Automobil shares last traded at €32.29, with a volume of 445,892 shares changing hands.

Porsche Automobil Price Performance

The business’s 50 day simple moving average is €31.88 and its 200-day simple moving average is €35.32. The stock has a market capitalization of $10.37 billion, a P/E ratio of 2.73, a PEG ratio of 2.65 and a beta of 0.94.

Porsche Automobil Company Profile

Porsche Automobil Holding SE, through its subsidiaries, operates as an automobile manufacturer worldwide. It operates in two segments, Core Investments and Portfolio Investments. The company is involved in investments in the areas of mobility and industrial technology. It offers its products under the Volkswagen, Audi, SEAT, KODA, Bentley, Lamborghini, and Porsche brand names. The company was formerly known as Dr. Ing. h.c. F. Porsche Aktiengesellschaft and changed its name to Porsche Automobil Holding SE in November 2007.